Federal IT

Bitcoin Crashed After Another Crypto Exchange Got Hacked

NextGov: Bitcoin fell more than 10% Monday to its lowest price in two months, after a relatively small crypto exchange in South Korea reported a hack. The crash widens bitcoin’s year-to-date losses to as much as 50%, wiping about $120 billion off its market value this year.

Coinrail, which is among the world’s top 100 crypto exchanges by trading volume, said in a statement that some of the lesser-known cryptocurrencies, such as NPXS, belonging to its users were stolen by hackers. It said it had frozen the tokens that were stolen and halted all trading across the exchange to help with a police investigation.

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